X0101 42003-07-09 0001041803 PRICESMART INC PSMT 0001241721 MCGRORY JACK 1000Common Stock, $.0001 par1988-08-084A000A914382ISee NotesCommon Stock, $.0001 par1988-08-084A000A165577ISee NotesCommon Stock, $.0001 par1988-08-084A000A619046ISee Notes8% Series A Cumulative Convertible Redeemable Preferred Stoc37.501988-08-084A001000.00A1988-08-081988-08-08Common Stock14666550ISee Notes8% Series A Cumulative Convertible Redeemable Preferred Stoc37.501988-08-084A001000.00A1988-08-081988-08-08Common Stock14666550ISee Notes8% Series B Cumulative Convertible Redeemable Preferred Stoc20.002003-07-094J050001000.00A1988-08-081988-08-08Common Stock2500005000ISee Notes8% Series B Cumulative Convertible Redeemable Preferred Stoc20.002003-07-094J050001000.00A1988-08-081988-08-08Common Stock2500005000ISee NotesCommon Stock Purchase Option01988-08-084A0035.63A1988-08-082010-11-07Common Stock03000DCommon Stock Purchase Option01988-08-084A0032.13A1988-08-082011-01-24Common Stock01000DCommon Stock Purchase Option01988-08-084A0035.00A1988-08-082008-01-17Common Stock01000DCommon Stock Purchase Option01988-08-084A0018.29A1988-08-082009-01-22Common Stock01000DNo such date applies. The date of "08/08/1988" is reflected on this Form 4 for the sole purpose of providing data in this field to ensure that this Form 4 will be accepted through the SEC's electronic filing system.No such code applies. The code of "A" is reflected on this Form 4 for the sole purpose of providing data in this field to ensure that this Form 4 will be accepted through the SEC's electronic filing system.No such amount applies. This information is reflected on this Form 4 for the sole purpose of providing data in this field to ensure that this Form 4 will be accepted through the SEC's electronic filing system.As director of the Price Family Charitable Fund.As co-manager of the Price Group LLC.As director of San Diego Revitalization Corporation.The 8% Series A Cumulative Convertible Redeemable Preferred Stock automatically converts to common stock on January 17, 2012 and may be redeemed by PriceSmart for cash at any time on or after January 17, 2007.The 8% Series B Cumulative Convertible Redeemable Preferred Stock automatically converts to common stock on July 9, 2013 and may be redeemed by PriceSmart for cash at any time on or after July 9, 2008.Transaction pursuant to acquisition of shares from PriceSmart.Options vest 25% annually beginning on the first anniversary (11/7/01) of the date of grant (11/7/00).Options vest 25% annually beginning on the first anniversary (1/24/02) of the date of grant (1/24/01).Options vest 25% annually beginning on the first anniversary (1/17/03) of the date of grant (1/17/02).Options vest 25% annually beginning on the first anniversary (1/22/04) of the date of grant (1/22/03).The reporting person disclaims beneficial ownership of these shares.The purpose of this Form 4 is to reflect the acquisition of Series B Preferred Stock. All other holdings, have been previously reported.Jack McGrory2003-07-11